Precision guided munition market overview

The global Precision Guided Munition Market was valued at over 28.92 Billion in 2022. The market is expected to see significant growth over the coming years, with a market value of over USD 45.25 Billion by 2029, growing at a CAGR of 5.1% during the forecast period (2023 to 2029).

In the report

(1) A complete section of the Precision Guided Munition Market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Precision Guided Munition Market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Precision Guided Munition Market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Precision Guided Munition Market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Precision Guided Munition Market report.

Key market players:

Key players in the Precision Guided Munition Market include Lockheed Martin Corporation, BAE Systems Plc, Raytheon, MBDA, Israel Aerospace Industries, Elbit Systems Ltd, Saab AB, General Dynamics Corporation, Northrop Grumman and Rheinmetall AG.. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, and mergers and acquisitions to strengthen their position in the market.

Recent developments

• In 2021, Boeing was awarded a contract by the US Department of Defense for JADM munition for the US Navy.
• In 2020, The Air Force Life Cycle Management Center (AFLCMC) awarded a USD 239.1 million modification contract for 6 lots of StromBreaker to Raytheon Technologies' RTX Missiles and Defense unit.
• In 2019, BAE Systems was awarded a contract worth USD 2.68 billion by the US Navy for the indefinite delivery and quantity purchase of APKWS laser-guided bombs.

Segments covered in the report:

By type

· Air-To-Air

· Water Source

· Geothermal

By application

· Residential

· Industrial

· Commercial

To know about the assumptions considered for the study download the pdf brochure.

Some key questions answered in this report:

• What focused approach and constraints are holding the Precision Guided Munition Market demand?
• SWOT Analysis of each defined key player along with its profile and Porter's five forces analysis to complement the same.
• What trends, challenges and barriers will impact the development and sizing of the Global Market?
• Detailed Overview of Market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Market forecast for global Precision Guided Munition Market split into segments like region, product, applications, end-user, technology, etc.
• What is the Precision Guided Munition Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?

Market dynamics

The Precision Guided Munition Market variables explored for estimating the market valuation are growth engines, hurdles, opportunities, and threats. These variables and their role in predicting the ups and downs of the industry make the majority of the report. They are used in sizing the value of segments and sub-segments of the market. Moreover, the insights gleaned through astute market research are based on proven methodologies such as Porter's Five Forces model and can prevent investment mistakes.

Segmentation

The segments and sub-segments within the Precision Guided Munition Market are highlighted and expounded in detail with value and growth revenue predictions. The estimations are gained from a SWOT analysis conducted by research analysts and based on the demand-supply chain, consumer sentiment, brand acceptance, and socio-economic factors. Government policies and their impact on the segments are taken into consideration.

Regional outlook

Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.

By Geography

· North America

· Europe

· Asia Pacific

· Latin America